NEWS & ADVICE : CAR LOANS
Anshu Jain should be Deutsche chief: Indian Bankers
By Vaibhav Aggarwal
Aug 20, 2010
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Indians have time and again proved their worth by making it to the top seats of major multinationals. The latest name added to this list is that of Anshu Jain of Deutsche Bank. At the age of 47, this Indian banker has been able to do wonders for the bank. He handles divisions which bring 80% of the profits of the bank. The question which now arises is whether such capability of this banker be rewarded or would get hidden under the shadows of his non German origin and inability to communicate in the language.

Such is the challenge for Jain which other Indians heading companies in US and UK do not need to think about.

"Performance talks. He has a good chance. If they don't get it, Deutsche Bank will lose him to some other bank and it'll only be their loss," said the chief of a UK-based bank from Mumbai.

"Deutsche Bank is a very international bank and has several foreigners at the top level. I'll be surprised if being non-German swings against him."

With Jain joining the Deutsche league, the revenue of the German bank from outside the home country has increased to 70% from 25% since 1995.

"If you are a good professional, you should be good anywhere as a global citizen," said the head of investment banking at a Japanese bank in Mumbai. "Jain offers an opportunity for Deutsche Bank to continue with its growth as a multinational bank, and shouldn't get influenced by domestic politics."


 


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